Aside from the monarchy, one would be hard-pressed to think of anything more iconically British than the clock in the Elizabeth Tower of Westminster Palace. Its massive bell, Big Ben, has been keeping Londoners on time for over 150 years. In fact, it has maintained almost freakishly accurate time. It is the biggest, most accurate four-faced... Continue Reading →
We refer to something outlandishly expensive as "costing an arm and a leg." Perhaps a better comparison would be the cost of a unit of blood. The sale of body parts is illegal in most parts of the world, so it is hard to evaluate the fair market value for an arm and a leg.... Continue Reading →
Amadeo P. Giannini was proud of the Italian heritage he inherited from his immigrant parents. Although born in California as an American citizen, Giannini was raised to value the culture of his family’s homeland. That’s why he chose the name Bank of Italy for the financial institution he founded on October 17, 1904. This San... Continue Reading →
The average career of a National Football League (NFL) player is slightly more than three years. In those years, the average earnings is about $4 million after taxes. Despite this impressive amount in a relatively short amount of time, 78% of all former NFL players are bankrupt or nearly so within three years of ending... Continue Reading →
The Vatican Bank (officially known as the Institute for the Works of Religion) is the only bank in the world that allows the user to select "Latin" as the language of choice. Dominus providebit -- the Lord will provide.
Jean Paul Getty (1892-1976) was one of the wealthiest man in the world. In 1966 the Guinness Book of Records named him as the wealthiest man on the planet with a fortune of $1.2 billion ($9.1 billion in 2017). He earned his fortune in the oil business, and in 1996 The Wealthy 100 ranked him as the 67th... Continue Reading →
Benjamin Franklin (1706-1790) has been credited with calling compound interest the eighth wonder of the world. Whether he actually said that is a matter of debate, but the fact that he believed it is undisputed. When Charles-Joseph Mathon de la Cour wrote a parody of Franklin’s Almanac called Fortunate Richard, he attempted to make fun... Continue Reading →
Everyone likes money because of the value it has in itself. Coin collectors like certain kinds of money because of its rarity or historical value. Every once in a while currency comes around that is just plain fun. In 2007 the nation of Mongolia chose to honor US President John F. Kennedy because of his... Continue Reading →
Where does the Tooth Fairy get all that money she leaves under children's pillows? The original source of that wealth remains a mystery, but the evidence suggests that she keeps it invested in the U.S. stock market. Delta Dental has tracked Tooth Fairy payouts since 1998. The results show an uncanny correlation with the S&P... Continue Reading →
As President Harry Truman's daughter, Margaret, played the piano one day, she was startled as one leg of the piano suddenly dropped through the floor of the White House residential level. Engineers were called in to see what was going on, and the report was nothing short of alarming. The 150-year-old mansion was in desperate... Continue Reading →
The smallest actor in the movie The Wizard of Oz was Dororthy's dog, Toto. The tiny pooch did not draw the smallest salary, however. Each of the actors who played the Munchkins earned a weekly salary of $50 for their talents. Toto walked away with $125 per week.
That penny in your pocket may not be worth much, but its cheapness did not carry through to the manufacturing process. Due to rising costs of metal, as of 2016 the US Mint spend about 1.7¢ to make each penny, and about 8¢ for every nickle.
Toyota and Rolls-Royce both manufacture automobiles, but the end result is quite different. A 2016 Toyota Camry costs about $24,000 and takes 13 hours to build. In comparison, a 2016 Rolls-Royce Dawn costs $337,750, and spends 6 months being assembled.
The oil used by jewelers to lubricate watches and clocks costs about $3,000 per gallon. Thanks to Factened for this fun fact!
Some of the most beautiful and inspiring words in the English language have come from the hand of William Shakespeare. Over 1,700 words were added to English by his fertile and creative mind. Interestingly enough, this master of the written word did not appear to pay much attention to his own name. Six of his... Continue Reading →